Niam sell property in Copenhagen for DKK 620.0 million

Niam has agreed to sell a property in Frederiksberg, Copenhagen, to Swedish listed real estate company Klövern. The 19,300 sqm office and education property complex is fully let to CBS Copenhagen Business School.

Kristian Krogh, Senior Director Denmark says, “We have successfully completed our management initiatives ahead of schedule, and been able to sign a new long lease with CBS for their continued tenancy of the entire property.” He adds, “We are happy to be able to sell this prime asset to such a renowned and professional buyer, and to welcome Klövern to the Danish market”.

The transfer of possession is planned to take place on February 1, 2018. Catella Corporate Finance and Bruun & Hjejle Law firm has acted as advisor to Niam.

For more information, please contact:
Fredrik Jonsson, CEO, Niam AB
+46 8 517 585 23, fredrik.jonsson@niam.se

Kristian Krogh, Senior Director, Denmark
+45 21 31 00 55, kristian.krogh@niam.dk

For further information about Niam:
Jennifer Andersson, COO, Head of Investor Relations & Business Development, Niam AB
+ 46 8 5175 85 59, jennifer.andersson@niam.se

Niam is the leading real estate private equity firm in Northern Europe with real estate assets under management of approximately €3.5 billion. Niam offers global institutions the opportunity to invest in the Nordic property markets. Niam was established in 1998 and has invested over €7 billion through its own funds since 2000. Niam has a fully integrated investment team of 55+ dedicated real estate professionals with experience across all major asset classes. The company is headquartered in Stockholm and has offices in Oslo, Helsinki and Copenhagen. For more information, please visit www.niam.com.